BANKRUPT BAKER

Dominion, Volume 25, Issue 170, 14 April 1932, Page 5

BANKRUPT BAKER

Creditors Sympathetic BUSINESS TO BE SOLD BACK “We have found Mr. Williams a very honest and hard-working man. The position he is in to-day is due to no fault of his own, but to force of circumstances,” said Mr. E. Roberts, of Messrs. E. Roberts and Co., Ltd., at a meeting of creditors yesterday in the estate of Henry Maltwood Williams, baker and pastrycook, of Wellington. The meeting decided to sell back the business to bankrupt in an endeavour to enable him to meet his creditors, and to facilitate his discharge. The total debts were shown at £789 4/- and the assets at £274/0/7, leaving a deficiency of £515/3/5. In his sworn statement bankrupt said he commenced business in Riddiford Street in October, 1926, with a capital of £458. He had a successful run for about four and a half years. As there was no bakery attached to the Riddiford Street premises he took over a shop and bakery in Cuba Street in January, 1931. The Riddiford Street shop was sold on terms, but through the buyer falling behind in instalments he was placed in difficulties. In the circumstances he considered he had no option but to file. A committee was appointed to make arrangements for the sale back of the business to bankrupt.